In July 2001, as the boom was collapsing. One afternoon last May, Conetto invited a reporter into his aquamarine trailer home in a pleasant part of South San Jose, where he’s lived with his elderly.
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Someone took a bullet-proof hunting trail camera valued at $150 from a home in Ash Township sometime between July 1 and 7. The theft occurred in the 12200 block of Wilson St., deputies said.
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· 1) "Every conveyance of land, without regard to its form, which is in fact a security for an antecedent debt, or for a contemporaneous loan, in the contemplation of a court of equity is a mortgage. It inures and operates as a mortgage only, conferring on the parties reciprocal rights and remedies.
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2) Contemporaneously with the sale, the property owner was given a right to repurchase the 50% interest for $1.2 million, if exercised in one year; and $1.8 million, if exercised in two years. 3) The property owner had the sole responsibility to pay the mortgage, taxes and other expenses on the tract while the investors owned a one-half interest in the tract.